By Danielle Broadway LOS ANGELES (Reuters) – It was December 2020 during the height of the COVID-19 pandemic when “Ms. James”, a public school teacher in a small rural Southern town, realized that her virtual students were not watching the grammar lessons she assigned them. That is, until she posted them on TikTok. Everything changed …
Content creators worry about miseducation in a world without TikTok Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Department of Transportation (USDOT) is opening a review of how the 10 largest U.S. airlines collect, handle and use the personal information of passengers. The review will look at air carriers’ policies and procedures to determine if they are properly safeguarding personal information, unfairly or deceptively monetizing …
Agency opens review into how largest US airlines use personal information Read More »
By David Shepardson WASHINGTON (Reuters) – The CEOs of American Airlines, United Airlines, Visa and Mastercard will not testify at an April 9 hearing on credit card competition, the chair of the Senate Judiciary Committee said Thursday. Senator Dick Durbin in February invited the executives of the firms that have fought his legislation seeking to …
Airline, credit card CEOs refuse to testify at US Senate hearing Read More »
By Alexandra Alper (Reuters) -The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence to encourage protecting personal data, monitoring AI for risks, and safeguarding human rights, U.S. officials said. The nonbinding resolution, proposed by the United States and co-sponsored by China and 121 other nations, took three months …
UN adopts first global artificial intelligence resolution Read More »
By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s largest asset manager was “dismayed” by a Texas state fund’s move to pull $8.5 billion in assets, and urged the fund’s administrators to reconsider. Texas State Board of Education Chair Aaron Kinsey said on Tuesday the Texas Permanent School Fund …
BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment Read More »
By Dietrich Knauth NEW YORK (Reuters) – Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders and contradicting a “reckless and false” claim by founder Sam Bankman-Fried that FTX’s collapse caused no harm. FTX revealed those estimates in …
FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion Read More »
By Lewis Krauskopf, Davide Barbuscia and David Randall NEW YORK (Reuters) – A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite stronger-than-expected economic growth. For weeks, evidence of robust growth and stubborn inflation had whittled …
Analysis-Steady Fed outlook boosts stock market’s hopes for coveted ‘soft landing’ Read More »
By Andrey Sychev and Nick Carey (Reuters) -BMW said on Thursday it was targeting 2024 automotive profit margins broadly in line with last year and expected a slight increase in car sales, as spending on launching electric vehicles across its model line-up peaks this year. “We are investing in the future of our company like …
BMW targets steady 2024 margins as electric spending peaks Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the U.S. as the central bank stayed on track for three interest rate cuts this year and affirmed that solid economic growth will …
Fed sees three rate cuts in 2024 but a more shallow easing path Read More »
By Echo Wang and Anirban Sen (Reuters) -Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost. Reddit and its existing shareholders sold 22 million shares at $34 …
Reddit prices IPO at top of indicated range to raise $748 million Read More »
